Debit Card Trend for 2006: Pay As You Go, Not Later

In 2006, debit card usage outpaced credit card usage for the first time. According to the 2007 edition of the ATM&Debit News EFT Data Book, debit purchases will total 26.6 billion transactions at the point of sale this year while credit card transactions — through American Express, Discover, MasterCard and Visa — were projected to be 24.4 billion. This means more people are paying as they go now instead of buying now, paying later.

Source: http://www.bankrate.com/brm/news/pf/YIRguide06-07/nov06_credit_cards_review_2006_a1.asp?caret=1+

Posted by Mark Rodrigues at 1/11/2007 3:54 PM
Categories: Debit Card
 

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